RMB fails Chinese：street interviewee

(ECNS) -- A young man's comments to CCTV-News about the value of the RMB have been widely echoed by the public, according to dayoo.com.

"Inflation is too high. People can no longer afford to buy as much as they could before," the man said when asked about the Third Plenum of the Eighteenth Central Committee, which convened on Nov. 9. The plenary meetings have become known for implementing major reforms in China.

As China's economic growth becomes increasingly dependent on investment and credit supply, excess currency has been issued. The volume of China's currency the yuan, or RMB, ranks top in the world, 1.5 times higher than US dollars.

Lan Jiping, an economics professor at the Capital University of Economics and Business, has said that the purchasing power of 1,000 yuan (US$164) in 2013 is the same as 576 yuan (US$94.5) in 2005.

When asked "What do you think needs to be changed," interviewees also listed air pollution, the tight job market, high housing prices, medical costs and pension inequality.